Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago

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dgerard@awful.systems

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Sam Bankman-Fried sentenced to 25 years in prison (www.web3isgoinggreat.com)

submitted 8 months ago by OfficerBribe@lemm.ee to c/buttcoin@awful.systems

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[–] BruceTwarzen@kbin.social 0 points 8 months ago (1 children)

His poor billionaire victims

[–] SomeoneSomewhere 17 points 8 months ago (1 children)

Were there not a fair pile of 'mom and pop' / young idiot 'investors' who got on the hype train and put in thousands or tens of thousands?

[–] ThrowawayPermanente@sh.itjust.works 7 points 8 months ago (1 children)

That was probably the large majority. Anybody who knew what they were doing didn't leave their money on FTX.

[–] dgerard@awful.systems 8 points 8 months ago (1 children)

the fall of FTX took out large swathes of the remaining crypto economy, especially in Africa. Everyone just used FTX as a shitty bank.

but then, if they knew what they were doing, they wouldn't have gone near crypto

[–] ThrowawayPermanente@sh.itjust.works 4 points 8 months ago

Well yeah, you're right, it was more than just an exchange failing